It has been decided by the Reserve Bank of India to introduce a new scheme of selection for recruitment of officers in Grade-‘B’ (DR), from recruitment year 2015. Under the new scheme of selection the examination will be computer based (Objective type with Multiple Choice Question pattern) and consists of two phases, viz., Phase-I and Phase-II, followed by Interview. While Phase-I examination will continue as per existing Phase-I examination for Grade-‘B’ (DR), Phase-II examination will consist of three papers of which two will be compulsory papers and one optional paper. The compulsory papers are Paper-I on ‘English’ and Paper-II on ‘Economic and Social Issues’. The optional Paper- Paper-III will have options of subjects, viz., ‘Finance & Management’ or ‘Economics’ or ‘Statistics’. In Phase-II the paper on ‘English’ will be descriptive type and computer based, i.e. to be typed on computer screen with the help of the keyboard. Prospective candidates are advised that Phase-II of the examination will be conducted within two to three weeks of Phase-I of the examination. The new scheme of selection is furnished in the Annex-A. The Syllabi of all the papers are furnished in Annex-B.

Annex - A

New Scheme of Selection for recruitment of officers in Grade- ‘B’

A. Examination Pattern

(i) Examination will consist of two phases, viz. - Phase-I & Phase-II followed by interview.

(ii) Phase-I examination will be objective type with Multiple Choice Questions (MCQs). The Phase-I examination will continue as per the existing Phase-I examination for Grade-‘B’ (DR). There are four modules in Phase-I, viz.- General Awareness, English Language, Quantitative Aptitude and Reasoning.

A Minimum of 60% marks (50% in case of SC/ST/PWD) or equivalent in Bachelor’s Degree as well as in 12th and 10th standard examinations.

D. Age Criteria and Age Relaxation in upper age limit

(i) The present age criteria of “Between 21 to 30 years” will be retained.

(ii) For M. Phil and Ph. D candidates the upper age limit will be 32 and 34 years, respectively.

(iii) As per extant practice age relaxation will be available to experienced candidates viz. candidates having experience as an officer in Commercial Bank/ Financial Institution in Public Sector as also candidates with prior experience in Reserve Bank of India, to the extent of number of years of such experience subject to a maximum of three years. For such candidates, upper age limit should not exceed 33 years including experience. For experience, probationary period will not be reckoned.

(iv) There are relaxations in upper age limit as per statutory requirements and for the staff.

As per existing practice cumulative age relaxation will not be available in combination with any items mentioned at (ii) (iii) & (iv).

E. Number of attempts:

The maximum permissible number of attempts (which were applicable for candidates belonging to Unreserved/General Category) has been increased from 4 to 6.

For detailed information, candidates may carefully read the detailed advertisement which will be uploaded on RBI website at the time of recruitment process.

Annex – B Syllabi

1. English (Writing Skills):

The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic.

2. Economic and social Issues:

Growth and Development – Measurement of growth: National Income and per capita income – Poverty Alleviation and Employment Generation in India – Sustainable Development and Environmental issues. Economic Reforms in India – Industrial and Labour Policy – Monetary and Fiscal Policy – Privatization – Role of Economic Planning. Globalization – Opening up of the Indian Economy – Balance of Payments, Export-Import Policy – International Economic Institutions – IMF and World Bank – WTO – Regional Economic Co-operation. Social Structure in India – Multiculturalism – Demographic Trends – Urbanization and Migration – Gender Issues – Social Justice : Positive Discrimination in favor of the under privileged – Social Movements – Indian Political System – Human Development – Social Sectors in India, Health and Education.